Jane Street boosts Fidelity Bitcoin ETF holdings nearly 8x, trims IBIT
Jane Street ended Q3 with 19% fewer shares in BlackRock’s Bitcoin ETF, and a higher share price lifted the stake’s value to $957 million.
In Q3, Jane Street's holdings in Fidelity's Bitcoin ETF nearly doubled, while its stake in BlackRock's ETF was reduced by 19%. The increased value of the Fidelity stake led to a total worth of $957 million. Jane Street had previously been the largest holder of BlackRock's Bitcoin ETF, having increased its share count by 324% in Q2.
Jane Street also expanded its holdings in ARK 21Shares Bitcoin ETF by 9 million shares, and doubled its position in BlackRock's iShares Ethereum Trust ETF by 7.83 million shares. JPMorgan Chase increased its IBIT holdings by 9.6% in the same quarter, adding around 1 million shares, bringing its reported position to approximately $540 million.
In contrast, JPMorgan nearly eliminated its direct holdings in BlackRock's ETHA, cutting its position from 1.17 million shares to just 399 shares. Barclays boosted BlackRock's IBIT stake by 48%, while Laurore reduced its IBIT holdings by 33%.
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